← Filings of CPT

Tables in the 10-K of CAMDEN PROPERTY TRUST

54 tables with numbers, filed Feb 12, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

		Page
PART I
Item 1.	Business	1
Item 1A.	Risk Factors	3
Item 1B.	Unresolved Staff Comments	8
Item 1C.	Cybersecurity	8
Item 2.	Properties	9
Item 3.	Legal Proceedings	10

Location	Number of Operating Properties	Number of Homes	Average Home Size (Sq. Ft.)		Average Occupancy (1)	Average Monthly Rental Rate per Home (2)
Atlanta, Georgia	14	4,270		1,036		95.4%	$1,901
Austin, Texas	12	4,038		900		94.9	1,569
Charlotte, North Carolina	15	3,510		936		95.1	1,796
Dallas/Fort Worth, Texas	14	5,940		920		95.2	1,699
Denver, Colorado	9	2,873		957		95.9	2,139
Houston, Texas	23	8,207		986		94.8	1,746
Los Angeles/Orange County, California	5	1,812		942		95.1	2,883

Year Placed in Service	Number of Operating Properties
2021-2025	12
2016-2020	29
2011-2015	20
2006-2010	31
2001-2005	31
Prior to 2001	49

5 - Year Total Return Performance of Indices
Index	2021	2022		2023	2024	2025
Camden Property Trust	$183.18		$118.01		$108.99		$132.22	$130.26
FTSE NAREIT Equity REITs Index	143.24		108.34		123.21		133.97	137.83
S&P 500 Index	128.71		105.40		133.10		166.40	196.16
Russell 2000 Index	114.82		91.35		106.82		119.14	134.40

Period	Total Number of Shares Repurchased	Average Price Paid per Share (1)	Total Number of Shares Purchased as Part of Publicly Announced Plan or Program	Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plan or Program (2)
October 1, 2025 - October 31, 2025	—		$—		—	$400,023,718
November 1, 2025 - November 30, 2025	241,237		102.53		241,237	375,289,861
December 1, 2025 - December 31, 2025	1,824,039		107.39		1,824,039	179,409,719
Total	2,065,276		$106.82		2,065,276

	December 31, 2025	December 31, 2024
	Number of Homes	Properties		Number of Homes	Properties
Operating Properties
Houston, Texas	8,207		23		9,531	28
Washington, D.C. Metro	6,194		17		6,192	17
Dallas/Fort Worth, Texas	5,940		14		6,224	15
Orlando, Florida	4,276		12		3,954	11
Atlanta, Georgia	4,270		14		4,270	14

Properties Under Construction
Charlotte, North Carolina	769	2	769	2
Nashville, Tennessee	393	1	—	—
Raleigh, North Carolina	—	—	369	1
Total Properties Under Construction	1,162	3	1,138	3
Total Properties	59,921	175	59,996	177

Properties and Locations	Number of Homes	Date of Construction Completion	Date of Stabilization
Operating Properties
Camden Woodmill Creek	189	2Q24	2Q25
Spring, TX
Camden Durham	420	4Q24	3Q25
Durham, NC
Camden Long Meadow Farms	188	4Q24	4Q25
Richmond, TX

($ in millions) Property and Location	Number of Homes	CostIncurred (1)		% Leased at 1/31/2026	Date of Construction Completion	Estimated Date of Stabilization
Operating Property
Camden Village District	369		$139.2		60%		3Q25	1Q27
Raleigh, NC
Consolidated total	369		$139.2

($ in millions) Properties and Locations	Number of Homes	Estimated Cost		Cost Incurred	Included in Properties Under Development	Estimated Date of Construction Completion		Estimated Date of Stabilization
Communities Under Construction
Camden South Charlotte	420		$157.0		$117.3		$117.3		2Q27	4Q28
Charlotte, NC
Camden Blakeney	349		151.0		84.3		84.3		3Q27	3Q28
Charlotte, NC
Camden Nations	393		184.0		76.6		76.6		3Q28	2Q30
Nashville, TN

($ in millions)Properties and Locations	Projected Homes	Total Estimated Cost (1)		Cost to Date
Camden Baker	434		$191.0		$40.1
Denver, CO
Camden Gulch	498		300.0		56.0
Nashville, TN
	932		$491.0		$96.1

($ in thousands)	2025	2024
Houston, Texas	$1,926,359		13.8%	$2,069,477	15.4%
Washington, D.C. Metro	1,663,030		11.9	1,646,169	12.2
Dallas, Texas	1,099,083		7.8	1,102,231	8.2
Atlanta, Georgia	961,372		6.9	942,939	7.0
Charlotte, North Carolina	901,258		6.4	777,256	5.8
Orlando, Florida	890,023		6.3	793,351	5.9
Tampa, Florida	886,794		6.3	739,250	5.5

(in thousands)	2025	2024
Net income	$394,898	$170,840
Less: Fee and asset management income	(12,967)		(7,137)
Less: Interest and other income	(256)		(4,420)
Less: Income on deferred compensation plans	(19,260)		(12,629)
Plus: Property management expense	37,452		38,331
Plus: Fee and asset management expense	3,074		2,200
Plus: General and administrative expense	79,344		72,365

	Number of Homes at	Year Ended December 31,		Change
($ in thousands)	12/31/2025	2025		2024	$%
Property revenues:
Same store communities	54,625		$1,453,229		$1,442,248	$10,981	0.8%
Non-same store communities	3,765		78,094		45,542	32,552	71.5
Development and lease-up communities	1,531		2,185		—	2,185	*
Dispositions/other	—		40,036		56,052	(16,016)	(28.6)
Total property revenues	59,921		$1,573,544		$1,543,842	$29,702	1.9%

	For the year ended December 31,
(in millions)	2025 compared to 2024
Property Revenues:
Revenues from acquisitions	$21.0
Revenues from non-same store stabilized properties	9.9
Revenues from development and lease-up properties	2.2
Other non-same store	1.6
	$34.7

	December 31,
(in millions)	2025	2024
Expenditures for new development, including land	$206.3		$163.2
Capital expenditures	118.5		112.2
Reposition expenditures	89.7		87.9
Direct real estate taxes and capitalized interest and other indirect costs	25.9		30.4
Total	$440.4		$393.7

($ in millions)	December 31, 2025	December 31, 2024
	Carrying Amount	Estimated fair market value		Weighted Average Maturity (in years)	Weighted Average Interest Rate	% Of Total	Carrying Amount		Estimated fair market value	Weighted Average Maturity (in years)	Weighted Average Interest Rate		% Of Total
Fixed rate debt	$2,766.9		$2,629.6		6.2	3.7%		70.9%		$2,764.4		$2,528.6		7.2	3.7%	79.3%
Variable rate debt	$1,133.9		$1,140.9		0.4	4.4%		29.1%		$721.2		$733.0		2.0	5.6%	20.7%

(1) Financial Statements:
Report of Independent Registered Public Accounting Firm	PCAOB ID No.	34	F-1
Consolidated Balance Sheets as of December 31, 2025 and 2024			F-3
Consolidated Statements of Income and Comprehensive Income for the Years Ended December 31, 2025, 2024, and 2023			F-4
Consolidated Statements of Equity for the Years Ended December 31, 2025, 2024, and 2023			F-6
Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024, and 2023			F-8
Notes to Consolidated Financial Statements			F-10
(2) Financial Statement Schedules:

Exhibit No.	Description	Filed Herewith or Incorporated Herein by Reference (1)
3.1	Amended and Restated Declaration of Trust of Camden Property Trust (2)	Exhibit 3.1 to Form 10-K for the year ended December 31, 1993 - Rule 311-P
3.2	Amendment to the Amended and Restated Declaration of Trust of Camden Property Trust	Exhibit 3.1 to Form 10-Q for the quarter ended June 30, 1997
3.3	Amendment to the Amended and Restated Declaration of Trust of Camden Property Trust	Exhibit 3.1 to Form 8-K filed on May 14, 2012
3.4	Sixth Amended and Restated Bylaws of Camden Property Trust	Exhibit 3.1 to Form 8-K filed on February 23, 2023
3.5	First Amendment to the Sixth Amended and Restated Bylaws of Camden Property Trust	Exhibit 3.1 to Form 8-K filed on April 27, 2023
4.1	Specimen certificate for Common Shares of Beneficial Interest (2)	Form S-11 filed on September 15, 1993 (Registration No. 33-68736) - Rule 311-P
4.2	Indenture for Senior Debt Securities dated as of February 11, 2003 between Camden Property Trust and U. S. Bank National Association, as successor to SunTrust Bank, as Trustee	Exhibit 4.1 to Form S-3 filed on February 12, 2003 (Registration No. 333-103119)

Name	Title	Date
/s/ Richard J. Campo	Chairman of the Board of Trust	February 12, 2026
Richard J. Campo	Managers and Chief Executive Officer (Principal Executive Officer)
/s/ D. Keith Oden	Executive Vice Chairman of the Board of Trust	February 12, 2026
D. Keith Oden	Managers
/s/ Alexander J. Jessett	President and Chief Financial Officer	February 12, 2026
Alexander J. Jessett	and Assistant Secretary (Principal Financial Officer)
/s/ Michael P. Gallagher	Senior Vice President - Chief Accounting	February 12, 2026

	December 31,
(in thousands, except share amounts)	2025	2024
Assets
Real estate assets, at cost
Land	$1,787,445		$1,722,526
Buildings and improvements	11,792,960		11,319,460
	$13,580,405		$13,041,986
Accumulated depreciation	(5,296,061)		(4,867,422)

	Year Ended December 31,
(in thousands, except per share amounts)	2025	2024		2023
Property revenues	$1,573,544		$1,543,842		$1,542,027
Property expenses
Property operating and maintenance	$369,889		$365,681		$353,911
Real estate taxes	196,821		193,124		195,009
Total property expenses	$566,710		$558,805		$548,920
Non-property income

Total earnings per common share – basic	3.54	1.50	3.71
Total earnings per common share – diluted	3.54	1.50	3.70
Weighted average number of common shares outstanding – basic	108,376	108,491	108,653
Weighted average number of common shares outstanding – diluted	108,434	108,539	109,399

Consolidated Statements of Comprehensive Income
Net income	$394,898	$170,840	$410,553
Other comprehensive income
Unrealized gain/(loss) on cash flow hedging activities	—	85	(728)
Unrealized loss and unamortized prior service cost on post retirement obligation	(212)	(18)	(183)
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation	1,403	2,159	1,433
Comprehensive income	$396,089	$173,066	$411,075
Net income allocated to non-controlling interests	(10,436)	(7,547)	(7,244)

Tables in the 10-K of CAMDEN PROPERTY TRUST

Table 1 after “TABLE OF CONTENTS”

Table 2 after “The following table sets forth certain information with respect to our 172 operating properties at December 31, 2025:”

Table 3 after “Our operating properties were constructed and placed in service as follows:”

Table 4 after “(Source: S&P Global Market Intelligence)”

Table 5 after “We made the following share repurchases during the three months ended December 31, 2025:”

Table 6 after “Our multifamily property portfolio is summarized as follows:”

Table 7 after “Our multifamily property portfolio is summarized as follows:”

Table 8 after “We generally consider a property stabilized once it reaches 90% occupancy. During the year ended December 31, 2025, stabilization was achiev”

Table 9 after “At December 31, 2025, there was one completed operating property in lease-up as follows:”

Table 10 after “At December 31, 2025, we had three properties in various stages of construction as follows:”

Table 11 after “. At December 31, 2025, we had the following communities undergoing development activities:”

Table 12 after “At December 31, 2025 and 2024, the book value of our real estate assets by various markets, excluding depreciation, were as follows:”

Table 13 after “Reconciliations of net income to NOI for the year ended December 31, 2025 and 2024 are as follows:”

Table 14 after “Property NOI, as reconciled above, is detailed further into the categories below for the year ended December 31, 2025 as compared to 2024:”

Table 15 after “The following table details the changes, described above, relating to non-same store and development and lease-up NOI:”

Table 16 after “Table of Contents”

Table 17 after “Non-Property Income”

Table 18 after “Other Expenses”

Table 19 after “Other”

Table 20 after “Table of Contents”

Table 21 after “Net cash used in investing activities during the year ended December 31, 2025 totaled approximately $499.5 million as compared to $285.2 mil”

Table 22 after “We believe the primary market risk we face is interest rate risk. We seek to mitigate this risk by following established risk management pol”

Table 23 after “The following documents are filed as part of this report:”

Table 24 after “The following exhibits are filed as part of or incorporated by reference into this report:”

Table 25 after “Table of Contents”

Table 26 after “Table of Contents”

Table 27 after “Table of Contents”

Table 28 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of”

Table 29 after “CONSOLIDATED BALANCE SHEETS”

Table 30 after “CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME”

Table 31 after “CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME”

Table 32 after “CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME”

Table 33 after “CONSOLIDATED STATEMENTS OF EQUITY”

Table 34 after “CONSOLIDATED STATEMENTS OF EQUITY (Continued)”

Table 35 after “CONSOLIDATED STATEMENTS OF CASH FLOWS”

Table 36 after “CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)”

Table 37 after “We anticipate property revenue from existing leases as follows:”

Table 38 after “The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated:”

Table 39 after “The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated:”

Table 40 after “A summary of the income tax characterization of our distributions paid per common share for the years ended December 31, 2025, 2024, and 202”

Table 41 after “The following is a summary of our indebtedness:”

Table 42 after “The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest ra”

Table 43 after “A summary of activity under our share incentive plans for the year ended December 31, 2025 is shown below:”

Table 44 after “Table of Contents”

Table 45 after “Financial Instruments Measured at Fair Value on a Recurring Basis”

Table 46 after “The following table presents the carrying and estimated fair values of our notes payable at December 31, 2025 and 2024.”

Table 47 after “The effect of changes in the operating accounts and other on cash flows from operating activities is as follows:”

Table 48 after “The following is a summary of our operating lease related information:”

Table 49 after “The following is a summary of our operating lease related information:”

Table 50 after “The following is a summary of our operating lease related information:”

Table 51 after “December 31, 2025:”

Table 52 after “The following table details NOI and significant expenses for the years ended December 31:”

Table 53 after “F-24”

Table 54 after “The changes in total real estate assets for the years ended December 31:”

	Common Shareholders
(in thousands, except share data)	Common shares of beneficial interest	Additional paid-in capital		Distributions in excess of net income attributable to common shareholders	Treasury shares, at cost		Accumulated other comprehensive income (loss)		Non-controlling interests		Total equity
Equity, December 31, 2022	$1,156		$5,897,454		$(581,532)			$(328,684)			$(1,774)			$70,301	$5,056,921
Net income				403,309						7,244			410,553
Other comprehensive income							522					522
Net share awards		16,552				7,695							24,247
Employee share purchase plan		1,187				625							1,812
Conversion of operating partnership units (3 shares)		72								(200)			(128)

(in millions)
Year ending December 31,	Operating Leases
2026	$871.1
2027	43.9
2028	3.0
2029	2.6
2030	1.9
Thereafter	1.7

Earnings per common share calculation – diluted
Income from continuing operations attributable to common shareholders, net of amount allocated to participating securities	$383,638	$162,998	$402,663
Income allocated to common units from continuing operations	—	—	2,086
Net income attributable to common shareholders – diluted	$383,638	$162,998	$404,749
Total earnings per common share – diluted	$3.54	$1.50	$3.70
Weighted average number of common shares outstanding – basic	108,376	108,491	108,653
Incremental shares issuable from assumed conversion of:
Share awards granted	58	48	21

(in millions) (1)	Amount (2)	Weighted AverageInterest Rate (3)
2026	$1,155.5		4.4%
2027	172.5		3.9
2028	529.9		3.8
2029	598.2		3.8
2030	749.1		2.9
Thereafter	695.6		4.4
Total	$3,900.8		3.9%

	Nonvested Share Awards Outstanding	Weighted Average Exercise / Grant Price
Nonvested share awards outstanding at December 31, 2024	216,190		$108.07
Granted	235,527		118.84
Exercised/Vested	(210,972)		117.69
Forfeited	(4,076)		109.62
Total nonvested share awards outstanding at December 31, 2025	236,669		$110.16

($ in millions)		As of December 31,
Balance sheet	Classification	2025	2024
ROU assets, net	Other assets, net	$11.0		$2.5
Operating lease liabilities	Other liabilities	$22.7		$3.2

($ in millions)		Year ended
Statement of income and comprehensive income	Classification	2025	2024
Rent expense related to operating lease liabilities	General and administrative expenses and property management expenses	$2.5		$2.6
Variable lease expense	General and administrative expenses and property management expenses	1.5		1.1
Total lease expense		$4.0		$3.7

($ in millions)			Year ended
Statement of cash flows	Classification		2025		2024
Cash flows from operating leases	Net cash from operating activities		$2.4		$2.4
Supplemental lease information
Weighted average remaining lease term (years)		11.0	1.6
Weighted average discount rate - operating leases (1)		5.3%		4.9%

Camden Property Trust Real Estate and Accumulated Depreciation As of December 31, 2025 ($ amounts in thousands)		Schedule III
	Initial Cost				Total Cost
	Land		Building/ Construction in Progress & Improvements		Cost Subsequent to Acquisition/ Construction	Land	Building/ Construction in Progress & Improvements		Total	Accumulated Depreciation	Total Cost, Net of Accumulated Depreciation		Encumbrances	Year of Completion/ Acquisition
Current communities:
ARIZONA
Phoenix/Scottsdale
Camden Chandler	$5,511			$62,429		$2,853		$5,511		$65,282		$70,793		$25,650	$45,143	$—	2016
Camden Foothills	11,006			33,712		2,366		11,006		36,078		47,084		15,068	32,016	—	2014